Get 40% Off
🤯 Perficient is up a mind-blowing 53%. Our ProPicks AI saw the buying opportunity in March.Read full update

Exclusive: Ukraine 2022 spring crop sowing area could be halved - minister

Published 03/22/2022, 02:28 PM
Updated 03/22/2022, 02:42 PM
© Reuters. FILE PHOTO: A combine harvester loads a truck with barley in a field near the village of Zhovtneve, Ukraine, July 14, 2016.  REUTERS/Valentyn Ogirenko

By Pavel Polityuk

LVIV, Ukraine (Reuters) - Ukraine's spring crop sowing area may more than halve this year from 2021 levels to some 7 million hectares, its Agriculture Minister Roman Leshchenko said on Tuesday, versus 15 million hectares expected before the Russian invasion.

Ukraine is a major global agriculture producer and exporter, and the hostilities may sharply reduce the 2022 harvest and exports in the forthcoming 2022/23 season.

Its spring crop sowing forecast covers grains such as barley and corn, as well as other crops such as sugar beet, sunflowers and soybeans.

"The adjusted plan currently stands at 7 million hectares. We have actually corrected (the initial plan) by half. There will be less corn," Leshchenko told Reuters.

"We have large stocks of corn, and how to export it later is a very difficult question."

He said farmers could sow up to 3.3 million hectares of corn this year versus 5.4 million hectares in 2021.

Leshchenko said the ministry had urged farmers to sow more spring wheat, buckwheat, oats, millet and spring barley. He gave no forecast for the sown area of those specific crops, but said overly dry weather could affect the sowing.

"Today, the issue of food security is at the forefront," the minister said.

Ukraine sowed only 176,000 hectares of spring wheat last year as the country is a traditional grower of winter wheat.

Leshchenko said farmers sowed a total of 6.5 million hectares of winter wheat for the 2022 harvest, but the harvested area could be only around 4 million hectares due to war in many Ukrainian regions.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

He declined to forecast the 2022 grain harvest, because "the situation has not fully stabilized", he said.

"The territory of hostilities is constantly moving, and we hope that there will be some changes in the situation in terms of achieving peace, and we will be able to plant at least late crops those areas that are now in the war zone."

Ukraine harvested a record 84 million tonnes of grain in 2021 and initially expected to ship abroad 65 million tonnes of grain, including 25.3 million tonnes of wheat and 40 million tonnes of corn.

Ukrainian agriculture consultancy APK-Inform this weekend said the export of wheat would not exceed 18.3 million tonnes this season and only 200,000 tonnes of the commodity could be sold from March to June.

Ukraine has already suspended exports of rye, oats, millet, buckwheat, salt, sugar, meat and livestock in the face of the invasion, and introduced licences for wheat, corn and sunflower oil exports.

Leshchenko said the government was considering lifting the requirement for export licences for corn and sunoil, as its stocks are sufficient.

President Volodymyr Zelenskiy told the Italian parliament on Tuesday that Russia's attack on Ukraine risked causing famine in countries around the world.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.